What is Amanah Saham Bumiputera (ASB)

Amanah Saham Bumiputera (ASB) is the second unit trust schemes which was introduced by Permodalan Nasional Berhad (PNB), Malaysia’s biggest fund management company. ASB is only open to Bumiputeras, which roughly means the native peoples of Malaysia and therefore excludes historical immigrant groups such as Chinese and Indians.

PNB has put an input limit of RM 200,000 that one can only invest new money up to that point. There is, however, no upper limit on the value of an account, so capital gains which are retained in the account are allowed to cause it to exceed RM 200,000. Capital gains in ASB accounts are not subject to taxes. Dividends are paid each year and put back into the account so that compounding is achieved.

ASB is one of the popular products offered by PNB as the attractive yearly dividend and bonus.